Market Overview:
The global whole juvenile life insurance market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for whole juvenile life insurance products across the globe, owing to their various benefits such as providing financial security and peace of mind to parents or guardians. In addition, the growing awareness about these products among parents or guardians is also contributing significantly towards the growth of this market. Based on type, survival insurance accounted for a major share of the global whole juvenile life insurance market in 2017. This segment is expected to maintain its dominance during the forecast period due to its numerous benefits such as providing financial security and peace of mind in case of an unforeseen event such as death or disability.
Product Definition:
Whole juvenile life insurance is a specific type of whole life insurance policy that is designed to provide coverage for children. It can be used to help protect the child in the event of an unexpected death, and it can also be used to help cover the costs associated with raising a child.
Survival insurance:
Insurance is a type of financial protection against risk which involves the transfer of money or some other valuable asset from one person to another in the event of a disaster, loss or damage. survival insurance is designed for people whose income would be insufficient to meet their basic needs in case of illness, disability or death. It provides benefits such as medical coverage and accidental death benefit that are not available under regular life insurance policies.
Death insurance:
Death insurance is a contract between the insurer and the insured. The death benefit in whole juvenile life insurance is paid to the beneficiaries if the insured person (the policy holder) dies while being covered under a standard or universal life policy.
The key drivers of this market are increasing mortality rates among children and youth owing to rising diseases such as cancer.
Application Insights:
The application segment includes the coverage provided to juvenile aged 10 years and above. Whole life insurance is widely used by parents for covering the educational expenses of their children. The death benefit component of this policy helps parents bear funeral costs, whereas whole life insurance for juveniles serves as a long-term financial security solution for children.
The growth in adoption of smartphones has led to an increase in online shopping activities across the globe, which has positively impacted various retail sectors including e-commerce, fashion and lifestyle etc. Moreover, growing penetration of social media websites such as Facebook & YouTube among youth has influenced them to spend more on digital products which drives overall market growth further. However, there are certain disadvantages associated with using these policies such as higher premium rates compared to term plans along with other than stated age restrictions may apply due to specific conditions under which they were purchased or issued without knowledge or consent from parent company/issuer etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as favorable government policies and high demand for life insurance products among individuals aged between 10 and 18 years. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing awareness about whole juvenile life insurance products, coupled with growing disposable income levels of consumers in developing economies including China and India. Moreover, a large number of companies are looking at expanding their business in this region due to low operational costs along with attractive opportunities for growth through acquisition or expansion.
The European market consists of countries such as Germany, France, Italy U K ROW). These countries have a strong presence of both online as well offline players offering various types of insurance policies (whole & partial) under JLTI schemes.
Growth Factors:
- Increasing life expectancy and growing awareness about the benefits of life insurance among people in developing countries.
- Rising income levels and increasing consumer spending on insurance products, especially in emerging markets.
- Rapid urbanization and growing demand for protection against risks such as death, disability, illness, property damage etc., particularly in developing countries.
- Proliferation of digital channels and increasing use of technology by insurers to reach out to a larger customer base at lower costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Whole juvenile life insurance Market Research Report
By Type
Survival insurance, Death insurance, Full insurance
By Application
<10 Years Old, 10-18 Years Old
By Companies
Allianz (Germany), Assicurazioni Generali (Italy), China Life Insurance (China), MetLife (USA), PingAn (China), AXA (France), Sumitomo Life Insurance (Japan), Aegon (Netherlands), Dai-ichi Mutual Life Insurance (Japan), CPIC (China), Aviva (UK), Munich Re Group (Germany), Zurich Financial Services (Switzerland), Nippon Life Insurance (Japan), Gerber Life Insurance (USA), AIG (USA)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Whole juvenile life insurance Market Report Segments:
The global Whole juvenile life insurance market is segmented on the basis of:
Types
Survival insurance, Death insurance, Full insurance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
<10 Years Old, 10-18 Years Old
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allianz (Germany)
- Assicurazioni Generali (Italy)
- China Life Insurance (China)
- MetLife (USA)
- PingAn (China)
- AXA (France)
- Sumitomo Life Insurance (Japan)
- Aegon (Netherlands)
- Dai-ichi Mutual Life Insurance (Japan)
- CPIC (China)
- Aviva (UK)
- Munich Re Group (Germany)
- Zurich Financial Services (Switzerland)
- Nippon Life Insurance (Japan)
- Gerber Life Insurance (USA)
- AIG (USA)
Highlights of The Whole juvenile life insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Survival insurance
- Death insurance
- Full insurance
- By Application:
- <10 Years Old
- 10-18 Years Old
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Whole juvenile life insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Whole juvenile life insurance is a type of life insurance policy that provides coverage for a child's entire lifetime.
Some of the key players operating in the whole juvenile life insurance market are Allianz (Germany), Assicurazioni‚Â Generali (Italy), China Life Insurance (China), MetLife (USA), PingAn (China), AXA (France), Sumitomo‚Â Life Insurance (Japan), Aegon (Netherlands), Dai-ichi Mutual Life Insurance (Japan), CPIC (China), Aviva (UK), Munich Re Group (Germany), Zurich Financial Services‚Â (Switzerland), Nippon Life Insurance‚Â (Japan), Gerber Life Insurance (USA), AIG (USA).
The whole juvenile life insurance market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Whole juvenile life insurance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Whole juvenile life insurance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Whole juvenile life insurance Market - Supply Chain
4.5. Global Whole juvenile life insurance Market Forecast
4.5.1. Whole juvenile life insurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Whole juvenile life insurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Whole juvenile life insurance Market Absolute $ Opportunity
5. Global Whole juvenile life insurance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Whole juvenile life insurance Market Size and Volume Forecast by Type
5.3.1. Survival insurance
5.3.2. Death insurance
5.3.3. Full insurance
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Whole juvenile life insurance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Whole juvenile life insurance Market Size and Volume Forecast by Application
6.3.1. <10 Years Old
6.3.2. 10-18 Years Old
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Whole juvenile life insurance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Whole juvenile life insurance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Whole juvenile life insurance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Whole juvenile life insurance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Whole juvenile life insurance Demand Share Forecast, 2019-2029
9. North America Whole juvenile life insurance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Whole juvenile life insurance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Whole juvenile life insurance Market Size and Volume Forecast by Application
9.4.1. <10 Years Old
9.4.2. 10-18 Years Old
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Whole juvenile life insurance Market Size and Volume Forecast by Type
9.7.1. Survival insurance
9.7.2. Death insurance
9.7.3. Full insurance
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Whole juvenile life insurance Demand Share Forecast, 2019-2029
10. Latin America Whole juvenile life insurance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Whole juvenile life insurance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Whole juvenile life insurance Market Size and Volume Forecast by Application
10.4.1. <10 Years Old
10.4.2. 10-18 Years Old
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Whole juvenile life insurance Market Size and Volume Forecast by Type
10.7.1. Survival insurance
10.7.2. Death insurance
10.7.3. Full insurance
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Whole juvenile life insurance Demand Share Forecast, 2019-2029
11. Europe Whole juvenile life insurance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Whole juvenile life insurance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Whole juvenile life insurance Market Size and Volume Forecast by Application
11.4.1. <10 Years Old
11.4.2. 10-18 Years Old
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Whole juvenile life insurance Market Size and Volume Forecast by Type
11.7.1. Survival insurance
11.7.2. Death insurance
11.7.3. Full insurance
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Markt Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Whole juvenile life insurance Demand Share, 2019-2029
12. Asia Pacific Whole juvenile life insurance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Whole juvenile life insurance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Whole juvenile life insurance Market Size and Volume Forecast by Application
12.4.1. <10 Years Old
12.4.2. 10-18 Years Old
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Whole juvenile life insurance Market Size and Volume Forecast by Type
12.7.1. Survival insurance
12.7.2. Death insurance
12.7.3. Full insurance
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Whole juvenile life insurance Demand Share, 2019-2029
13. Middle East & Africa Whole juvenile life insurance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Whole juvenile life insurance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Whole juvenile life insurance Market Size and Volume Forecast by Application
13.4.1. <10 Years Old
13.4.2. 10-18 Years Old
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Whole juvenile life insurance Market Size and Volume Forecast by Type
13.7.1. Survival insurance
13.7.2. Death insurance
13.7.3. Full insurance
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Whole juvenile life insurance Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Whole juvenile life insurance Market: Market Share Analysis
14.2. Whole juvenile life insurance Distributors and Customers
14.3. Whole juvenile life insurance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Allianz (Germany)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Assicurazioni Generali (Italy)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. China Life Insurance (China)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MetLife (USA)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PingAn (China)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AXA (France)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sumitomo Life Insurance (Japan)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aegon (Netherlands)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dai-ichi Mutual Life Insurance (Japan)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CPIC (China)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aviva (UK)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Munich Re Group (Germany)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zurich Financial Services (Switzerland)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nippon Life Insurance (Japan)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Gerber Life Insurance (USA)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. AIG (USA)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
